Century Casinos (NASDAQ:CNTY) Earns Buy Rating from Analysts at Craig Hallum

Craig Hallum started coverage on shares of Century Casinos (NASDAQ:CNTY) in a research note released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $8.00 price target on the stock.

CNTY has been the subject of several other research reports. Stifel Nicolaus upped their price target on Century Casinos from $4.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Macquarie cut their target price on Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. StockNews.com upgraded shares of Century Casinos from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, JMP Securities raised shares of Century Casinos from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Century Casinos has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Century Casinos Price Performance

NASDAQ CNTY opened at $4.40 on Tuesday. The stock has a market capitalization of $134.99 million, a PE ratio of -1.81 and a beta of 2.55. The stock has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $2.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. Century Casinos has a twelve month low of $1.94 and a twelve month high of $5.09.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). Century Casinos had a negative net margin of 12.73% and a negative return on equity of 41.20%. The company had revenue of $155.70 million during the quarter, compared to the consensus estimate of $158.10 million. During the same period last year, the company earned ($0.47) earnings per share. Research analysts anticipate that Century Casinos will post -2.39 EPS for the current year.

Institutional Trading of Century Casinos

A number of large investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in Century Casinos by 5.2% during the third quarter. Empowered Funds LLC now owns 75,727 shares of the company’s stock worth $194,000 after buying an additional 3,752 shares during the last quarter. Geode Capital Management LLC grew its position in Century Casinos by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,618 shares of the company’s stock worth $726,000 after acquiring an additional 5,220 shares during the last quarter. Sei Investments Co. acquired a new stake in Century Casinos during the 2nd quarter valued at $32,000. Vanguard Group Inc. boosted its stake in Century Casinos by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock worth $5,343,000 after purchasing an additional 13,372 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Century Casinos in the first quarter worth $51,000. 66.36% of the stock is currently owned by institutional investors.

About Century Casinos

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.